ME Bank Australia Selects Temenos
Banking software group Temenos, said that Australia’s ME Bank has selected its software to underpin its technology transformation programme. ME Bank is the only Australian bank that is wholly owned by Australia’s leading industry super funds and provides an alternative to the major banks.
ME Bank’s selection is a core part of its four-year business transformation programme, which will provide an exemplary information technology platform for its business. With no branches, the bank has adopted an innovative ‘workplace banking’ approach, whereby mobilised bankers conduct banking services onsite within members’ workplaces. Temenos said its software will support the bank’s aim to significantly increase customer numbers over the next three years, challenging the traditional banking landscape.
The bank’s transformation programme includes core system replacement with Temenos T24, introducing an anti-money laundering (AML) system with Temenos AML, and deploying a business analytics solution, Temenos Insight. This program is key to the bank’s wider strategic IT transformation. The programme will be implemented in four phases and is scheduled to be completed by June 2015.
Kathryn Hawkins, chief information officer (CIO), ME Bank, said the transformation programme “will enable the bank to service a growing customer base, offer innovative products and meet the changing needs of its customers”.